Now that the returns from the Coral Sea and Midway are in, these facts seem clear:
> Japan has lost much of her Navy's striking power at sea. Without that power, Japan cannot bring the war to the U.S., or even to the remaining U.S. strongholds in the Pacific: Pearl Harbor, Midway, Australia, the endangered (but by no means conquered) Aleutians and Alaska.
> Japan has not lost her defensive power, her power to defend what she has already won in Malaya, the Indies, the Philippines, and to defend her home islands and...
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